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The GBPUSD is consolidating for a 5th straight day just above the daily chart downchannel resistance. Significantly, although the GBPUSD closed last week above the weekly chart descending wedge resistance, the GBPUSD is vulnerable for at least the next few days to more healthy consolidation before attempting the next leg up in the long term bottoming underway...Click hereto read the full analysis of this market as well as on GBPJPY, Cotton
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